Royal Bank of Scotland -Natwest One Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Royal Bank of Scotland -Natwest One offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Royal Bank of Scotland -Natwest One and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently an IT contractor, 12 months into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around June time. So I suppose my query is, will Royal Bank of Scotland -Natwest One even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a broker regarding my remortgage because I am on a fixed term contract of four years (a media contractor). My contract started date earlier this year. I am looking for a 5 year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I bought the property four years ago for £220,500 and I currently owe 165k to Royal Bank of Scotland -Natwest One
As contractor looking for a mortgage with Royal Bank of Scotland -Natwest One will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All documents done and sent. Received a call from the lender to say they can't move ahead with process unless my current manager writes me a letter confirming that my contract will definitely be prolonged and when new end date will be. Any thoughts?
As a contractor (IT consultant) do I really need to produce at least six months of both business and personal bank statements as part of the vetting process for Royal Bank of Scotland -Natwest One.I am not convinced that my broker is correct.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Royal Bank of Scotland -Natwest One